Dow Chemical Co (DOW) : Carroll Financial Associates reduced its stake in Dow Chemical Co by 1.8% during the most recent quarter end. The investment management company now holds a total of 131,102 shares of Dow Chemical Co which is valued at $6,897,276 after selling 2,409 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Dow Chemical Co makes up approximately 1.26% of Carroll Financial Associates’s portfolio.
Dow Chemical Co opened for trading at $52.36 and hit $52.82 on the upside on Friday, eventually ending the session at $52.61, with a gain of 1.21% or 0.63 points. The heightened volatility saw the trading volume jump to 54,05,074 shares. Company has a market cap of $58,771 M.
Other Hedge Funds, Including , Stokes Hubbell Capital Management boosted its stake in DOW in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 5,949 shares of Dow Chemical Co which is valued at $312,977. Dow Chemical Co makes up approx 0.14% of Stokes Hubbell Capital Management’s portfolio.Dearborn Partners reduced its stake in DOW by selling 50,040 shares or 91.63% in the most recent quarter. The Hedge Fund company now holds 4,570 shares of DOW which is valued at $240,428. Dow Chemical Co makes up approx 0.02% of Dearborn Partners’s portfolio.Lenox Wealth Advisors reduced its stake in DOW by selling 474 shares or 92.76% in the most recent quarter. The Hedge Fund company now holds 37 shares of DOW which is valued at $1,938.
On the company’s financial health, Dow Chemical Co reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.70. The company had revenue of $11462.00 million for the quarter, compared to analysts expectations of $11169.48 million. The company’s revenue was down -20.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
Many Wall Street Analysts have commented on Dow Chemical Co. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Top Pick”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Dow Chemical Co was Upgraded by Susquehanna to ” Positive” on Feb 8, 2016.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.